South Korea Has the 10th Highest Number of Millionaires in the World; U.S. Ranked #1
The number of millionaires in South Korea continued to grow this year:
South Korea had the world’s 10th-highest number of millionaires globally last year, with 1.3 million individuals holding wealth exceeding $1 million, or 1.37 billion won, a report showed Thursday.
According to the Global Wealth Report 2025, released by Swiss investment bank UBS, the figure marked a slight increase from 1.2 million recorded in 2023, placing the country 10th among 56 countries surveyed.
There were about 60 million millionaires globally, holding a total of $226.47 trillion in wealth.
The US topped the list with 23.8 million millionaires, accounting for 39.7 percent of all millionaires worldwide.
The report noted that the millionaire population in the US rose by 379,000 throughout last year, meaning about 1,000 people joined the millionaire club each day.
You can read more at the link.
Wow. The population of the US is about 347 million.
With 23.8 millionaires that would mean about seven percent of the population.
Wonder if they are counting home equity too? We’re not a nation of savers (anymore). A million isn’t what it used to be but that number still surprises me.
There is a difference between:
I have a 3 million dollar home I am upside down on and I owe 2 million on over the next 30 years and don’t get me started about car and credit card payment…
…and…
I have 1 million cash in the bank making me 40,000/year which is why i don’t live big but I also don’t work…
…and…
I have a great job AND 1 million in the bank AND no debt… so I give zero fuuuuuuucks!
What’s the point of saving if no kids to carry on the bloodline?